Description
Table of contents
Biographical note
Excerpt
User Reviews
“Treatise on Ind AS” allows its readers to dive into the depth of Indian Accounting Standards (Ind AS) without getting stuck into the web of bare text. While Ind AS are ruling the nation of Indian accounting, the book comes to the rescue of those looking for conceptual clarity, application guidance, practical reference to listed companies, comparison of new set of standards with old and global set of standards. It shall act as a stop shop for all Ind AS related guidance. Useful for Professionals and Participants of Certificate course on Ind AS Key Features Comprehensive commentary on Ind AS with Conceptual Explanations, Case studies and Examples. References to published disclosures of Listed Companies on major concepts of Ind AS. More than 1,000 MCQs with detailed analysis covering all Ind AS. FAQs on Overview and Applicability/ Roadmap for implementation of Ind AS including analysis of amendments to Schedule III. Lucid commentary on complex topics such as Leases, Revenue, Financial Instruments, Business Combination, Consolidation, Share-Based Payment etc. with practical examples and case studies. Practical issues on Ind AS including analysis of ITFG bulletins and Education Material. Detailed comparison of Ind AS, Indian GAAP, IFRS and ICDS. Updated with Companies (Ind AS) Amendment Rules, 2022.
“Treatise on Ind AS” allows its readers to dive into the depth of Indian Accounting Standards (Ind AS) without getting stuck into the web of bare text. While Ind AS are ruling the nation of Indian accounting, the book comes to the rescue of those looking for conceptual clarity, application guidance, practical reference to listed companies, comparison of new set of standards with old and global set of standards. It shall act as a stop shop for all Ind AS related guidance. Useful for Professionals and Participants of Certificate course on Ind AS Key Features Comprehensive commentary on Ind AS with Conceptual Explanations, Case studies and Examples. References to published disclosures of Listed Companies on major concepts of Ind AS. More than 1,000 MCQs with detailed analysis covering all Ind AS. FAQs on Overview and Applicability/ Roadmap for implementation of Ind AS including analysis of amendments to Schedule III. Lucid commentary on complex topics such as Leases, Revenue, Financial Instruments, Business Combination, Consolidation, Share-Based Payment etc. with practical examples and case studies. Practical issues on Ind AS including analysis of ITFG bulletins and Education Material. Detailed comparison of Ind AS, Indian GAAP, IFRS and ICDS. Updated with Companies (Ind AS) Amendment Rules, 2022.
CA (Dr.) Alok K. Garg
Dr. Garg, a seasoned professional, is a Member of Institute of Chartered Accountants of India (ICAI) for more than a decade. He has been awarded with Honorary Doctorate by American East Coast University, New York, USA for his outstanding contribution in the field of finance by teaming up his Industry experience in the academic contribution on regular basis. He is currently working as a General Manager- Finance and heading Financial Reporting, Consolidation and Fixed Assets function of one of the largest listed Telecom Infrastructure Company. Having completed his graduation in B.Com (Hons.) from University of Delhi in 2004, he also qualified the Company Secretary from Institute of Company Secretaries of India (ICSI) in the year 2008. He is a Diploma holder in IFRS from ACCA, United Kingdom, Certified Ind AS and Certified BRSR from ICAI.
He is having a thorough experience in the field of Financial Reporting, Consolidation, Internal Controls, Fixed Assets and Auditing for more than 15 years and associated with Indus Towers (formerly Bharti Infratel), HSBC, IL&FS and consulting firms during his professional stint.
Mr. Garg is a prolific speaker, has delivered more than 800 lectures on IFRS, Ind AS, Accounting Standards, Schedule III, CARO and Auditing Standards across the country and outside at diverse platforms organized by various professional Institutes, Universities, and various committees, branches and study circles of ICAI. Few of his accolades during his professional stint are as follows:
CA Alok Garg is actively involved in professional contribution to the society in terms of imparting knowledge to fellow members and students at ICAI, ICSI and Various Universities and outside through his knowledge series & various articles published at various channels of print as well as social media. Few of his notable achievements, associations and deliberations are as follows:
He has a keen interest in travelling, listening to music and is very passionate about disseminating knowledge in the form of lecture delivery, authoring books and sharing his articles in leading publication. He is instrumental in giving back to the society and is very actively involved in mentorship of young professionals and students.
I am very happy to read this book authored by CA. Alok K Garg explaining the principles of Ind AS in such simple and lucid language. Ind AS Standards are based on the importance of the fair value and time value of money. Also, there is greater emphasis on the economic substance of the transaction rather than the legal form. This book primarily explains the Standards with examples and case studies, differences with IFRS & IGAAP, practical issues based on Ind AS Transition Facilitation Group (ITFG) and also Multiple-choice questions with detailed answers. This will enable the readers to easily understand the concepts of the Ind AS.
My compliments to CA. Alok K Garg for this masterly academic work.
CA. Manoj Fadnis
Past President ICAI (2015-16)
In India, the idea of convergence with IFRS started budding in 2006, and it took persistent efforts to bring it to a reality. In 2015, MCA notified Ind AS with a roadmap of phased manner implementation, as of now, all the listed companies and all the unlisted companies having a net worth of Rs. 250 crores or more are required to comply with Ind AS subject to certain exemptions. This book, written by CA. Alok Garg is an insight into the Ind AS in the form of concise and crisp explanation, along-with practical issues, more than 1000 MCQs and reference to published disclosures of listed companies on major concepts of every Standard. This book is very unique as it provides reference to Annual Reports of Listed companies for easy guidance to professionals.
With this manuscript, Alok has made it easy for the readers to get a quick snap of any lengthy concept. I know Alok since long and seen his passion for making constant contribution towards our profession. I appreciate all his efforts in bringing out best on the paper. My best wishes for the success of third edition of Treatise on Ind AS and many more such efforts in future.
CA (Dr.) Sanjeev Singhal
Partner, S R Batliboi & Co. LLP
Alok is one of the distinguished practitioner and follower of the accounting developments in relation to Ind-AS. This new edition further simplifies the practical approach to Ind AS. Application of several multiple-choice questions is clearly differentiated and unique in its style and will help the readers of the books to acquire good understanding of complex Ind-AS and its relevant application in financial accounting and reporting.
My best wishes for the great success of this book and many more such contribution in future.
CA. Sandip Khetan
Co-Founder, Uniqus Consultech Inc.
The third edition of Treatise on Ind AS is another extremely well-articulated book for accounting professionals by CA. Alok Garg that captures the differences between Ind AS, IFRS, IGAAP and ICDS, explaining with practical issues based on ITFG, Education material & COVID FAQs. The specialty of this edition is the inclusion of references to the Annual reports of listed companies that helps in relating the accounting issues with their practical application, presentation and disclosures.
An accomplished practitioner, Alok is a dedicated servant of our profession. Similar to the first edition, I am sure the readers will find this book of great value in their professional journeys. My very best wishes to him for the success of this book. Heartfelt congratulations!
CA. Nakul Sehgal
CFO, Total Access Communication PCL, Thailand (a subsidiary of Telenor Group)
Even after 7 years of birth of Ind AS in India, still these standards are at nascent stage in terms of understanding for many professionals and regular changes and amendments make the accounting and reporting more complex and challenging. Treatise on Ind AS succinctly captures the nuances of Ind AS citing practical examples facilitating easy learning. It’s a must read for accounting professional who intend to get an intermediate to advanced learning on the subject.
The third edition of this book authored by Alok provides the readers a complete bunch of guidance in terms of comprehensive commentary in lucid language, practical aspects and case studies based on ITFG bulletins and Education material issued by ICAI and more interestingly the references to annual reports giving a practical outlook on major concepts of every standard. The huge question bank of MCQs is a differentiator and provides an opportunity to the readers to check their understanding on the subject. Alok is a meticulous analyst and an astute person on financial reporting and accounting. He is a thorough professional who has in-depth knowledge of accounting provisions and is always ready to raise the bar.
Similar to the earlier editions, I am sure the readers will find this book of great value in their professional journey. My heartiest compliments and best wishes to him for the great success of this book and many more such endeavours in future.
CA. Pankaj Miglani
Director - Supply Chain Management, Bharti Airtel Limited
Alok is a passionate professional. I have not seen someone with so much in-depth knowledge of his function. But more importantly Alok loves spreading his knowledge with a smiling face. His zeal is very infectious and his teaching style is very interactive.
He is a professor in the corporate world and having known him for a while, I can say without a doubt that the book would be very interesting and user friendly. Starting from a young professional to a CFO, it would give everyone an interesting peek in to the world of accounting. Not sure where he musters the time to write this but as a said, his passion over-rides all boundaries. All the best Alok and I promise I would read the entire 1,500 odd pages in your book.
CA. Kaustav Neogi
National Finance Controller - Indus Towers Limited
Most of the Indian listed companies (other than Banking and Insurance sector) and a large number of private companies (above threshold limit) have implemented Ind-AS as mandated by the regulators. Changes and improvements come naturally as the time passes and need arises thus regular and continuous amendments in Standards. CA. Alok Garg has written this book at a perfect time, when corporate, members and students need practical, crisp and appropriate guidance on how to demystify Ind-AS. With the help of apt interpretations, sharp observations and practical case studies in easy language he has demonstrated his own experience and vast understanding of complex Standards. Reference to Annual reports provides practical outlook to the professionals and MCQs make this book much more relevant for students and interesting for professionals. I have known Alok for long years, since when he attended my sessions with a spark in his eyes. His hard work and zeal to contribute to the profession remains exemplary. My heartiest compliment for excellent work and best wishes for super success in future.
CA. Parveen Kumar
National Head-Assurance, ASA & Associates LLP
A Fundamental difference between businesses and professions is that, while a business grows due to competition amongst its players, a profession grows when its members work together in their joint pursuit of becoming a better version of their earlier self. An apt example of such a pursuit is when a professional pours his learnings, his experiences, his heart and his very soul, in a book - for the sole objective of sharing them with his fellow brothers and sisters. Like this compendium, as a close friend of Alok, I know for a fact that he has spent countless nights working on this treatise with meticulous attention to details, sacrificing his family time and personal sleep. This effort has shaped into a work which lays down a strong foundation for conceptual understanding of Ind-AS, and strengthens it with contextual examples of real-world accounting issues. Most remarkably, it does not hold itself back from expressing specific views on industry issues and instead, it bravely ventures into this terrain using multiple choice questions. I congratulate Alok for such a wonderful culmination of his efforts, and wish him the best of luck for many more of such successes in future.
CA. Gaurav Singhal CA, LLB.
Founder – Director, Heads Up Consulting
In the current era, more than 70% of the corporates across the globe are following IFRS in some or the other way. Changes and improvements come naturally as the time passes and new needs arise. Thus, regular and continuous amendments in standards are required. The third edition of “Treatise on Ind AS” has been written at a perfect time, when corporate, members and students need updated practical, crisp and appropriate guidance on how to demystify the new set of GAAP in India. With the help of detailed analysis, practical case studies and MCQs, the author has given a holistic view on accounting treatment for most complex topics in a simplified manner. The book serves a comprehensive comparison of AS, Ind AS, IFRS and even ICDS. The best part is that author has included vast practical disclosures made by listed companies in their published financial statements. My heartiest compliment for excellent work and best wishes for success in future.
J.P. Singhal
National President, Akhil Bhartiya Rashtriya Shaikshik Mahasangh,
Former Vice-chancellor, University of Rajasthan, Jaipur
Facebook
Twitter
Linkedin
Whatsapp
